Mashreqbank PSC Third Quarter 2024 Earnings: EPS: د.إ8.83 (vs د.إ11.23 in 3Q 2023)

Mashreqbank PSC (DFM:MASQ) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ2.85b (down 10% from 3Q 2023).
• Net income: د.إ1.77b (down 21% from 3Q 2023).
• Profit margin: 62% (down from 71% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: د.إ8.83 (down from د.إ11.23 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mashreqbank PSC Earnings Insights

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Mashreqbank PSC (1 is a bit concerning!) that you need to take into consideration.

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